In addition to the Company's announcement published on Tadawul on 21/09/1445 AH (corresponding to 31/03/2024 AD) stating that Mr. Waleed M. Sobahi, has submitted Saudi Cable Company’s financial restructuring proposal to the Fourth Circuit of the Commercial Court in Jeddah on 18/09/1445 AH (corresponding to 28/03/2024 AD).

Furthermore, with reference to the judicial ruling issued by the Fourth Circuit of the Commercial Court in Jeddah on 06/11/1445 AH (corresponding to 14/05/2024 AD), the Department decided to accept the deposit of the financial restructuring proposal of the debtor Saudi Cable Company and the depositor of the trustee of the procedure (Waleed bin Muhammad Subhi), provided that the date of voting on the proposal for shareholders 27/11/1445 AH corresponding to 04/06/2024 AD, at the company's headquarters in the industrial city in Jeddah Governorate and through the electronic means prepared for this.

Please note that the management of Saudi Cable Company will hold an in person meeting in conjunction with a virtual meeting between 10 am and 11 am via the platform Anymeeting, where they will provide shareholders with an overview of the Company’s financial restructuring proposal and allow shareholders to raise any inquiries they have on the proposal.

Voting will open to shareholders from 11 am to 3 pm where shareholders will be able to cast their votes either in person or via the electronic voting platform (Anymeeting).

Please note that the same Anymeeting link that will be used to attend the meeting between 10 am and 11 am, will also be used for shareholders to cast their votes between 11 am and 3 pm.

Meeting Link

LINK

Location of meeting:

https://goo.gl/maps/aBeY3BzqWYGusNZK9

The meeting will be held under the supervision of the Financial Restructuring Trustee appointed by the Fifth Appeals Circuit in Riyadh Commercial Court Mr. Waleed M. Sobahi, and in accordance with Article (46) of the Executive Bylaws of the Bankruptcy Law, the owners' meeting shall not be held except in the presence of owners representing at least 25% of the company's capital.

Please find below the link to view the Saudi Cable Company’s proposal.

Link

Note that the shareholders can ask any questions related to the proposal and discuss them with the Company’s management before the voting date.

Each shareholder who is registered in the company's shareholders register at the Depository Center has the right to attend the meeting and vote on the Company's financial restructuring proposal.

For any further inquiries, please contact our Investor Relations Department via phone No. 0126087500 or Email: [email protected]

In order to preserve the interests of the company and the rights of creditors and shareholders alike and to comply with the principles of transparency and disclosure and to take into account the applicable regulations, the company’s management will file an objection to the Court of Appeal with the preliminary ruling issued by the Commercial Court in Jeddah during the statutory period for reasons that the company’s management believes are fundamental and criticize the content. The proposal that was submitted by the previous executive management to the Secretary of Financial Regulation without a decision to approve it from the previous and current Boards of Directors, in addition to the reasons that the company’s management believes contain a defect in terms of the procedural form and content of the proposal. The company will inform its creditors and shareholders of any developments in this regard.